There were an estimated 1.8 billion shoppers worldwide who purchased goods online (Statistica, 2018). In the same year, sales amounted to $2.8 trillion dollars. And by 2021, projections show that e-retail sales will grow to $4.8 trillion!
The COVID-19 pandemmic in 2020, by all experts expectations, is going to cause a worldwide recession. Businesses will find it difficult to operate within the regular retail environment.
The one medium of business that has and will see an uptick is the e-commerce space.
I want to know how I can get started!
Mobile phone accessibility has made research online so easy and intuitive that almost all purchases now begin online. 63% of the world's population start by searching on their favourite search engine. This means that no matter where they finally end up buying, their purchasing journey is starting online.
This is why it is crucial for your brand to have a strong online presence. No two customer journeys are the same. People have the power to explore multiple options at the press of a button. No matter the competition online, with the right website and marketing, customers will end up buying from you.
Get your e-commerce site up and running within a few days!//Statistics
- The online shopping business in Sri Lanka is growing fast and will hit $400 million by 2022
- The online shopping business in the USA is growing 3X faster than offline segment. (Entrepreneur, 2017)
- Ecommerce has grown steadily in the UK, reaching £137.38 billion in 2016, according to ONS data. (SaleCycle, 2017)
- More than half, or 58% of people reported to shop online because of the ability to shop 24/7. (Entrepreneur, 2017)
- As much as 61% of people have a better opinion of brands that offer a good mobile experience. (Status Labs, 2018)
- WordPress powered ecommerce platform WooCommerce claims to host an absolute majority of stores online, with 840,000 stores. (SimilarTech, 2019)
- Almost 28% of searches for something nearby result in a purchase. (Think With Google, 2016)
- After performing a local search, 50% of mobile users visit stores within one day. (Think With Google, 2018)
